CSG Systems International (NASDAQ:CSGS) Price Target Cut to $48.00 by Analysts at Wells Fargo & Company

CSG Systems International (NASDAQ:CSGS) had its target price cut by Wells Fargo & Company from $50.00 to $48.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. Cantor Fitzgerald restated an overweight rating and set a $63.00 target price on shares of CSG Systems International in a research report on Thursday, February 8th. Royal Bank of Canada began coverage on CSG Systems International in a research note on Wednesday, March 27th. They set an outperform rating and a $61.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CSG Systems International currently has an average rating of Moderate Buy and a consensus price target of $62.50.

CSG Systems International Stock Performance

CSG Systems International stock traded down $0.34 during trading on Thursday, hitting $41.70. The stock had a trading volume of 451,877 shares, compared to its average volume of 239,657. The stock’s 50 day moving average is $50.29 and its two-hundred day moving average is $51.03. CSG Systems International has a 1 year low of $41.52 and a 1 year high of $69.35. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.29 and a beta of 0.83. The company has a quick ratio of 1.54, a current ratio of 1.74 and a debt-to-equity ratio of 1.98.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. The firm had revenue of $273.36 million during the quarter, compared to analyst estimates of $273.92 million. As a group, analysts predict that CSG Systems International will post 3.26 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.30 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.88%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s payout ratio is presently 54.79%.

Institutional Trading of CSG Systems International

Institutional investors have recently modified their holdings of the company. Bahl & Gaynor Inc. boosted its holdings in shares of CSG Systems International by 5.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock valued at $27,070,000 after buying an additional 24,385 shares in the last quarter. Boston Trust Walden Corp grew its holdings in CSG Systems International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after purchasing an additional 8,395 shares during the period. New York State Teachers Retirement System increased its stake in shares of CSG Systems International by 3.8% during the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock valued at $3,523,000 after purchasing an additional 2,524 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of CSG Systems International by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock valued at $2,399,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of CSG Systems International in the 1st quarter worth approximately $190,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.